Brookdale Q4 2021 Earnings Report

Brookdale's Q4 2021 performance was marked by revenue growth and strategic financial transactions.

Key Takeaways

Brookdale Senior Living Inc. reported a 4% increase in fourth-quarter revenue per available unit (RevPAR) compared to the prior year quarter, driven by an 80 basis point increase in occupancy. The company's liquidity was strengthened by two significant financing transactions during the quarter. Ten months of sequential weighted average occupancy growth was achieved and rate growth and discipline was maintained.

Fourth quarter revenue per available unit (RevPAR) increased approximately 4% compared to the prior year quarter, including an 80 basis point increase in occupancy.

Fourth quarter consolidated weighted average occupancy grew 100 basis points sequentially.

Liquidity of $537 million strengthened by two significant fourth quarter financing transactions.

Completed one or more booster clinics for each of communities, which can provide residents incremental protection.

Previous year: -$0.24

+83.3%

Adjusted EBITDA